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Risk Sharing Formula Brings Innovative Educational Financing Program to India Feb 01 Product Image

Risk Sharing Formula Brings Innovative Educational Financing Program to India Feb 01

  • ID: 2047000
  • February 2001
  • Region: India
  • Standard & Poors

Abstract
HONG KONG(Standard & Poor's CreditWire) Feb. 22, 2001--A new student loan program spearheaded by Citibank, International Finance Corp. (IFC), and NIIT, and which received a Standard & Poor's risk assessment, is helping to fuel India's IT locomotive. The program provides new sources of student funding to NIIT, one of the country's leading private-sector educational institutions for information technology. The US$90 million program, undertaken by Citibank (India) and facilitated with an IFC credit loss guarantee, is India's first large-scale private-sector student loan program and serves as a lesson in how vision, sound risk management, and securitization techniques can be used to tap the full investment potential of developing nations. "In this transaction, we are sharing the risk between three parties, based...

Companies mentioned in this report are:
- India (Republic of) (Unsolicited Ratings)
- International Finance Corp.

Action: S&P Event

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- India (Republic of) (Unsolicited Ratings)
- International Finance Corp.

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